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Broker Talkback

Do you agree with the Government’s plans to abolish contracting out?

No 75%

Yes 25%

No

“I don’t agree, it’s taking away choice.”

Richard Simpson, Richard Simpson & Co

No

“I don’t agree with that. People simply will not pay into personal accounts. There needs to be some level of compulsion and this way the money is taken at source.”

David Wilson , Rainbow Financial Services (Durham) Ltd

No

“I thought contracting out was a good thing. I think the problem is that the Government does not have a sense of direction regarding pensions. They keep moving the goalposts all the time.”

Brian Kilburn, Brian Kilburn Financial Management

Yes

“Contracting out is difficult so I am in favour of it but there is no doubt that the Government will only make it more complex.”

Karl Melvin, Millbrae Financial Services Limited

Yes

“It is a bit of a dead in the water issue. It will take lots of time.”

Paul Duckworth IFA

No

“I understand why the Government is doing it. If the money stays in state pensions, it is a windfall for the Chancellor to spend as he likes but I think that people should be given the option.”

Alan Thompson, Alan Thompson Financial Services

No

“I think it is garbage. Surely it should be up to the individual. It is dictating really, isn’t it?”

Ian McKinley, James Perman & Co

No

“I do not agree because I think it is doing away with choice.”

John Pluckrose, White Ox Insurance Services

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